Humana Inc (NYSE:HUM) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board decreased its position in shares of Humana Inc (NYSE:HUM) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,082 shares of the insurance provider’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Humana were worth $2,940,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in HUM. Whittier Trust Co. acquired a new position in shares of Humana during the second quarter valued at $27,000. Next Capital Management LLC acquired a new stake in Humana in the second quarter worth about $27,000. Destination Wealth Management lifted its holdings in Humana by 130.0% in the first quarter. Destination Wealth Management now owns 115 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 65 shares during the period. Advantage Investment Management LLC lifted its holdings in Humana by 287.1% in the second quarter. Advantage Investment Management LLC now owns 120 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 89 shares during the period. Finally, Coastal Investment Advisors Inc. lifted its holdings in Humana by 1,110.0% in the second quarter. Coastal Investment Advisors Inc. now owns 121 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 111 shares during the period. 89.88% of the stock is owned by institutional investors.

NYSE HUM traded down $4.01 on Thursday, reaching $293.99. The company’s stock had a trading volume of 10,771 shares, compared to its average volume of 1,163,442. Humana Inc has a twelve month low of $225.65 and a twelve month high of $355.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $40.33 billion, a PE ratio of 20.18, a PEG ratio of 1.29 and a beta of 0.85. The firm’s 50 day moving average is $285.45 and its two-hundred day moving average is $271.85.

Humana (NYSE:HUM) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $6.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.24 by $0.81. Humana had a net margin of 4.13% and a return on equity of 22.47%. The company had revenue of $16.25 billion during the quarter, compared to the consensus estimate of $15.88 billion. During the same period in the prior year, the company earned $3.96 EPS. Humana’s revenue was up 13.9% on a year-over-year basis. Equities research analysts anticipate that Humana Inc will post 17.63 EPS for the current fiscal year.

Several research firms recently weighed in on HUM. Morgan Stanley reduced their price objective on shares of Humana from $331.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Piper Jaffray Companies upped their price objective on shares of Humana from $315.00 to $341.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. UBS Group upped their price objective on shares of Humana from $266.00 to $317.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. SunTrust Banks upped their price objective on shares of Humana to $340.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Oppenheimer reduced their price objective on shares of Humana from $373.00 to $350.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $342.26.

Humana Profile

Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. The company offers medical and supplemental benefit plans to individuals. It also has contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.

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Institutional Ownership by Quarter for Humana (NYSE:HUM)

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